Examples of ROFR Terms in a sentence
To the extent the Corporation has entered into any written agreement with the stockholder attempting to Transfer shares that contains terms restricting such Transfer and grants the Corporation a right of first refusal with respect thereto (“ Separate ROFR Terms”), then such Separate ROFR Terms shall supersede this Article VI and shall control such stockholder’s proposed Transfer of shares.
To the extent the Corporation has entered into any written agreement with the stockholder attempting to Transfer shares that grants the Corporation a right of first refusal with respect thereto (“ Separate ROFR Terms”), then such Separate ROFR Terms shall supersede this Section 3 of Article VI and shall control such stockholder’s proposed Transfer of shares following a Transfer Determination that results in a Transfer Approval.
The delivery of the ROFR Notice shall be evidence of the Investor’s irrevocable offer to Transfer to the Preferred New Investors(s) all of the ROFR Shares for the ROFR Price and subject to the ROFR Terms.
To the extent the Corporation has entered into any written agreement with the stockholder attempting to Transfer shares that contains terms restricting such Transfer and grants the Corporation a right of first refusal with respect thereto (“Separate ROFR Terms”), then such Separate ROFR Terms shall supersede this Article VI and shall control such stockholder’s proposed Transfer of shares.
The Company may exercise its ROFR Right by delivery of an irrevocable written notice (the “ ROFR Exercise Notice”) to the Transferring Shareholder and each ROFR Shareholder, within 30 days following receipt of the ROFR Notice (the “Company ROFR Exercise Period”), accepting the Transfer of all (but not less than all) of the ROFR Shares on the ROFR Terms.
If the Transferring Shareholder receives one or more ROFR Exercise Notices for all of the ROFR Shares prior to the end of the applicable ROFR Exercise Period, then the Parties shall consummate the sale of the ROFR Shares on the ROFR Terms.
Lian will have a right of first refusal (“ROFR”) with respect to obtaining such license in the Territory on the ROFR Terms, exercisable no later than [***] after Lian’s receipt of such notice.
Subtenant shall be required to exercise its right under this Section 3(d), if at all, with respect to all of the ROFR Space upon the ROFR Terms.
The Base Rent for the Remainder Space shall be that set forth in the ROFR Terms; provided that if the Expiration Date is extended for the Reduced Premises in connection with the ROFR Amendment, the Base Rent for the Extended Premises during such extension shall be ninety seven percent (97%) of the then-prevailing Market Rate which, if not agreed upon by Lessor and Lessee shall be determined by arbitration as set forth in paragraph 9(b) above.
The delivery of the ROFR Notice shall be evidence of the Investor’s irrevocable offer to Transfer to the Company all of the ROFR Shares for the ROFR Price and subject to the ROFR Terms.